PROFIT AND LOSS

A shopkeeper buys 12 toys at Rs. 10 dozen and sells them at Rs. 12 dozen. What is the profit on 1 toy?

• Rs.2

• Rs.6

• Rs.12

• Rs.10

Which of the following is true

• Profit = -1 x Loss

• C.P - S.P. = - Loss

• S.P. + C.P = Profit

If Profit% is given, C.P. =

• $\frac{100\ +\ \Pr ofit\%\ }{100\ }\ \times\ S.P.$

• $\frac{100}{100\ +\ \Pr ofit\%}\ \times\ S.P.$

• $\frac{100}{100\ +\ \Pr ofit}\ \times\ S.P.$

• $\frac{100\ -\ \Pr ofit\%}{100}\ \times S.P.$

If Cost Price and Loss are given, we can calculate:

• Profit

• S.P

• Loss%

• Profit%

A trader bought 60 bags of rice on Rs. 2400. The transport charges were Rs. 120 while the bags' price altogether was 240.

The transport charges and bags' price are termed as:

(a)  

A shopkeeper bought 50 apples at Rs.100. He later found that 25 apples were rotten. He made a profit of Rs.50. The S.P. of each apple is :

Write digits only.

(a)  

Loss increases with:

• S.P.

• C.P.

The term used to describe the percentage of gain in the cost price is:

(a)  

If C.P = Rs. 100 and S.P = Rs. 80 then profit% = (a)  

Write digits only

Profit% = Profit x 100^-1

• True

• False